Inspired by video
https://www.youtube.com/watch?v=iqeSfjATOIw
As a tool for detecting manipulation candles.
How It Works
Calculates ATR over the selected timeframe (TF) such as daily (D1).
On the current chart (can be any timeframe), each candle is:
Compared against the ATR value from the higher timeframe.
Colored depending on the body size (|Close - Open|) in relation to ATR:
Strong candles: Body > ATR × L1 (%)
Weak candles: Body < ATR × L2 (%)
Neutral candles: in between
ATR Volatility candle coloring.lua- (8.81 KiB) Downloaded 177 times
